Generation
Posted By OrePulse
Published: 28 May, 2025 12:33
Saudi's ACWA Power to explore $10bln power projects in Malaysia
Saudi-listed developer and operator of power and water plants ACWA Power announced on Wenesday that it has signed an agreement with state-owned Malaysian Investment Development Authority (MIDA) to explore the development of up to 12.5 gigawatts (GW) of power generation capacity by 2040, with an initial investment value of up to $10 billion.
The company said in a press statement that this collaboration will contribute towards achieving Malaysia's goal of increasing its installed renewable energy capacity to 70 percent by 2050.
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